“Very strong economy…,” IMF division chief Daniel Leigh on India’s growth trajectory
“Yes, we have a growth rate for India which is 6.8 in 2022. Let’s not forget this is one of the bright spots in the global economy right now. Such a high growth rate and it is moderating down to 5.9 with a -.2 revision compared to January, what’s happening here is also a set […]
IMF cuts India’s FY24 GDP forecast to 5.9%
“Over the medium term, the prospects for growth now seem dimmer than in decades,” the IMF said in its flagship World Economic Outlook, lowering the global growth forecast for 2023 to 2.8% from 2.9% estimated earlier and sharply lower than the 3.4% expansion in 2022.
Retail investors hike stakes in all listed Adani companies after correction
Group’s flagship company Adani Enterprises saw an addition of 493,000 new retail shareholders in the March quarter. Retail shareholding increased from 2.09% to 3.61% during this period, and the number of investors increased to 747,000.
HDFC Bank plans to raise Rs 50,000 cr through bonds
“The bank proposes to raise funds by issuing Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long-Term Bonds (Financing of Infrastructure and Affordable Housing) up to total amount of ₹50,000 crores over the period of next 12 months through private placement mode,” the lender said in an exchange filing.
RBI issues norms for acceptance of green deposits by banks
“Climate change has been recognised as one of the most critical challenges faced by the global society and economy in the 21st century. The financial sector can play a pivotal role in mobilizing resources and their allocation thereof in green activities/projects,” RBI said in a statement.
Bitcoin rallies past key $30,000-mark
The leading digital currency has surged 6.29% in the past 24 hours to reach $30,160 as of 2300 IST on Coinmarketcap. While it has risen by 72.62% in the last 90 days, it remains down by 23.82% year to date.
Indices surge for 7th day, bank stocks lead rally
Banks and financials led the charge on Dalal Street that saw the Sensex reclaim the 60,000-mark, and the Nifty near its crucial resistance of 17,800 levels.